General Dynamics UK awarded GBP390M contractGeneral Dynamics UK has been awarded a GBP390M contract by the UK Ministry of Defence to provide in-service support for the SCOUT Specialist Vehicle fleet until 2024. In addition, the company is opening a new Armoured Fighting Vehicle Assembly, Integration and Testing facility in South Wales. The contract is an extension of the in-service support that General Dynamics UK was contracted to provide for the SCOUT SV fleet until 2020. The vehicles are on schedule to be delivered to the British Army from 2017 through 2024. The new UK industrial capability, alongside the SCOUT SV extended in-service support contract, will support the creation of 250 new jobs in South Wales.

Boeing price target raised to $196 from $190 at BernsteinBernstein increased its price target on Boeing as the firm says that the company's margins beat its estimates, while the company's cash flows were strong. Bernstein reiterates an Outperform rating on the shares.